Gavin Newsom’s $307 billion California budget has a bigger shortfall. Here’s what he’ll cut ...Middle East

Gov. Gavin Newsom on Friday released a $306.5 billion budget with a growing shortfall he will need to address while also maintaining social safety net programs and other policy priorities. In January, Newsom announced the state faced an estimated $22.5 billion budget gap after years of being flush with surpluses. That shortfall has ballooned to reach $31.5 billion during the past four months. “We are walking into a budget where we need to maintain our prudence,” Newsom said during a news briefing in Sacramento. The governor’s revised budget opens what is expected to be an intense month of negotiations with the Legislature. It’s the first time Newsom and many lawmakers have confronted a finan

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Last updated : 12 May 2023 clock 09:04 PM

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Gavin Newsom’s $307 billion California budget has a bigger shortfall. Here’s what he’ll cut ...Middle East

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